Climate Change Could Raise the Cost of Debt

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“Bond rating agencies such as Moody’s Investors Service and S&P Global Ratings are looking at whether they should be including more disaster forecasting in calculating the grades they give to government debt and to companies in industries ranging from insurance to construction,” Bloomberg Businessweek’s Emily Chasan reports.

“The agencies have looked at these risks for years and issued reports on them, but in recent months they’ve been working to integrate this research more into individual ratings.”